I’m sure it was great for the owning class (profits up, unemployment down). But the metrics that matter (number of people able to afford housing, homelessness, access to healthcare, education, general purchasing power) all moved in the wrong direction.
To illustrate why unemployment is a bad metric, consider the notion of having to work multiple jobs to make ends meet. Consider homeless bus drivers in San Francisco. High unemployment (good economy for the owning class) does not imply higher living standards (good economy for the rest of us), especially when paired with higher profits.
It is exactly this denial of problems of everyday working americans that lost the Dems the election. Trump won because he acknowledged there’s a big problem. Sure, if you think about it, his solutions will make things worse, but at least he’ll do something.
I’m sure it was great for the owning class (profits up, unemployment down). But the metrics that matter (number of people able to afford housing, homelessness, access to healthcare, education, general purchasing power) all moved in the wrong direction.
To illustrate why unemployment is a bad metric, consider the notion of having to work multiple jobs to make ends meet. Consider homeless bus drivers in San Francisco. High unemployment (good economy for the owning class) does not imply higher living standards (good economy for the rest of us), especially when paired with higher profits.
It is exactly this denial of problems of everyday working americans that lost the Dems the election. Trump won because he acknowledged there’s a big problem. Sure, if you think about it, his solutions will make things worse, but at least he’ll do something.